STR Holdings, which provides solar module encapsulants and quality assurance services for consumer products, announced terms for its IPO on Thursday. The Enfield, CT-based company plans to raise $172 million by offering 12.3 million shares at a price range of $13.00 to $15.00. At the mid-point of the proposed range, STR Holdings will command a market value of $579 million. STR Holdings, which was founded in 1944 and booked $270 million in sales over the last 12 months, plans to list on the NYSE under the symbol STRI. Credit Suisse, Goldman Sachs, and Cowen & Company are the lead underwriters on the deal, which is expected to price during the week of Nov. 2.
